期刊名称：Petroleum-Gas University of Ploiesti Bulletin : Economic Sciences Series
印刷版ISSN：2284-8576
电子版ISSN：2247-8582
出版年度：2012
期号：2
页码：44-52
出版社：Petroleum-Gas University of Ploiesti
摘要：If Adam Smith's invisible hands exist, why do bubbles in the financial markets develop and burst. Why do we even care about undervalued or overvalued stocks. Why do we have seasonality in the financial markets. If the invisible hand exists, why did the market mechanism failed to be a safeguard against the housing bubble. This paper will investigate the above questions. However, this paper will also examine, in brief, government intervention in the marketplace, justifying greed in accordance with Adam Smith's thought, and existence of free market since those issues are very relevant for discussing the main proposition of this paper, i.e., why does the market fail, if the invisible hand exist
关键词：invisible hand"; Adam Smith; stock market crash
